Dollar General (NYSE:DG) Given New $102.00 Price Target at Barclays

Dollar General (NYSE:DG) had its price objective lowered by Barclays from $154.00 to $102.00 in a research note published on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

DG has been the subject of a number of other research reports. Loop Capital cut their price target on shares of Dollar General from $130.00 to $90.00 and set a hold rating for the company in a report on Friday, August 30th. Piper Sandler reduced their target price on shares of Dollar General from $147.00 to $141.00 and set a neutral rating on the stock in a report on Friday, May 31st. UBS Group lowered their price objective on Dollar General from $155.00 to $108.00 and set a buy rating for the company in a research report on Friday, August 30th. JPMorgan Chase & Co. dropped their price objective on Dollar General from $130.00 to $97.00 and set a neutral rating for the company in a report on Friday, August 30th. Finally, Raymond James cut their price target on shares of Dollar General from $150.00 to $120.00 and set an outperform rating on the stock in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $113.95.

Dollar General Price Performance

Dollar General stock opened at $83.79 on Tuesday. The company has a fifty day simple moving average of $120.33 and a 200-day simple moving average of $135.34. The stock has a market cap of $18.43 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.43. Dollar General has a 12-month low of $82.68 and a 12-month high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 EPS. Equities analysts expect that Dollar General will post 6.45 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.82%. Dollar General’s dividend payout ratio is currently 34.35%.

Institutional Investors Weigh In On Dollar General

Several institutional investors have recently made changes to their positions in DG. Price T Rowe Associates Inc. MD grew its position in Dollar General by 162.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after acquiring an additional 11,257,537 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after buying an additional 3,360,413 shares during the period. Norges Bank acquired a new position in shares of Dollar General in the 4th quarter valued at about $337,150,000. Capital International Investors boosted its holdings in shares of Dollar General by 13.9% during the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after buying an additional 2,273,119 shares in the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in Dollar General in the first quarter worth $301,738,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.